Monthly Archives: November 2011

Multiple Signs Point to Nationwide Real Estate Rebound

According to a recent article in the Consumer News and Advice the past several weeks have showcased numerous signals that the real estate market is on the rise. Briefly, these signals include 15% rise in housing start, a surge in builder confidence, an increase in mortgage applications and regional market improvements across the country. Curiously, the weakest market, nationwide, is Bakersfield, California where foreclosures have been a huge problem. The articles wrap up with these words of assurance; while prices aren’t on the upswing in many places, at least they’re not expected to fall that rapidly in the coming year.
Thankfully, we’ve been experiencing a stabilization of the market here in Kingsburg for about a year now.
Insert graphic
EXSITING NEWS! Look for our new venture that will be launched sometime early in January. Our “Bull’s-eye Investor Team” is a pre-screened foreclosure service that will connect local investors to local distressed property. Flipping, rentals, private funds, joint venture; we’ll offer it all!
The CMA (comparative market analysis) to the right of this post still shows our market here in Kingsburg is relative flat. We currently have 38 homes on the market as compared to 43 at the end of September. Our DOM (days on the market) for SOLD properties went up in October to 113 days. We closed escrow on 8 properties in October and in September we closed 15 transactions. So again this month as last month, some of the numbers are good, some not so good.
Leonard, I and our Staff wish everyone a wonderful and happy Thanksgiving with wishes that you are surrounded by your loved ones, whether they are family or friends.

Advertisements

Leave a comment

Filed under Uncategorized